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TACO Vs TAW: Fade This (Equity) Rally
TACO Vs TAW: Fade This (Equity) Rally
Authored by Peter Tchir via Academy Securities,
Ceasefire?
The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire.
Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday).
Stock futures and treasuries are rebounding as well (even the 2-year, after the drubbing it took after yesterday’s auction noticeable for an absence of “direct” bids).
Many of the Polymarket Strait of Hormuz “prediction”...
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Ten days into the U.S.-Israeli Operation Epic Fury against Iran, which has forced shut-ins at major Gulf oil and gas facilities, disrupted production at key oil fields, sent stockpiles soaring, sparked a global energy crisis (Brent crude hit $119/bbl highs overnight) and severely disrupted commercial shipping through the Strait of Hormuz, the world's most critical energy chokepoint, new satellite imagery data from TankerTrackers, first cited by Bloomberg, suggests Tehran has recently moved substantial volumes of crude...
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